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Real men don't have too worry about what car they drive.

Thanks for the suggestion but alot of us do just fine with our own systems thanks after doing it far longer than most of the people who are passing comment in this thread.

Well even random trades have a 50/50 chance of making profit. For all their ills do you guys honestly think a ForEx broker can control prices to such an extent? The tin foil hat brigade are out in force over ForEx I swear to god. If you dont trust one get your data source from somewhere else...

Indeed they would like to take advantage of those people who are used too day trading with small time frames, which is just what ForEx is unsuitable for. Smart people wouldnt just assume they could change markets without observing differences however and would bd able too adapt too a new...

Indeed there are many (not 100s) and this is why you go with a company who has a very large client base (if they start pulling tricks do you not think people would notice and complain? Losing existing and new accounts), and someone who is registered and also doesnt just have a answer phone for...

Ive not seen any where near that many, and out of the ones that are popular and with NFA etc there are only a handful. A number also do currency exchange for business' and then give out far poorer rates where they can command spreads of 500pips or more depending on how far down the "food chain"...

As I mentioned yesterday! the resistance at 1.1520 scuppered the movement!

Out of interest Rezo who is it you trade with?

If you want to play with the big guys and are too worried about spread to trust the others then http://www.sfc-uk.com/ offer actual inter bank rates. Some blurb: Minimum Investment: $50,000.00 USD Minimum transaction size: $500,000.00 USD Pip spread: The actual interbank spread...

At end of the day all the major brokers are with the NFA etc so do have too adhere to the regulations, if they had even a hint of bad press then they can kiss any clients goodbye. I get my ForEx data feeds from a interbank source and place my trades with FXCM, their prices are always within the...

Well you may pull it off, I see some fair bit of resistance at 1.1520 off the 50% fib from the recent bear run if you can hold out that far, and I think after todays rally will deff have a bit of pullback. Man think I would have fainted!!

I use Amibroker (for ForEx but thats beside the point), its cheap compared to alot of programs with two versions from $99 to $199 (only difference being $99 version cant go down to tick data, 1min is lowest time frame but dont need tick if your swinging), it can get realtime data from...

Just to revive a dead horse.... Aberdeen/Scotland/UK here....ForEx trader only.

I follow Rezos' trades from the other forum, he has earned alot of respect there for his comments on price goals, trends and posting his trades. Not saying hes God, but he does know helluva lot bout ForEx and ive learned allot from him.

I find it depends on how much you consider gaining per trade, if spread is 4 pips and you only gain 8 pips then yes its a huge chunk, but for alot of people doing longer term trades making only a few trades per week 4 pips spread for 80+ pips gain is marginal. I opened a trade last Thur and by...

If there is no trend I wait to observe highs/lows on the 4hrs charts and enter near support/resistances, so although the price isnt trending one particular direction more often that not there is still a range that it fluxs between. If none of the above, I dont trade that currency pair.

What time frame do you go down too? Ive talked to a number of people day trading but so far their profits are allot lower than those doing longer term position trades. Although that might just be them. So far though Ive made more pips on average per month making a few trades a month than...

Cant agree more, while you may see great profit potential in the extreme price movements within the day, they are -extreme-, concentrate on the larger trend. Less stress, less intensive, concentrate on significant entry points and hold for as long as possible using a moving stop loss.. Dont...

I dont know which company is charging you 5 pips per day for carrying over but ditch them fast. The -only- thing you should incur is interest charges (i.e if the difference between the two interest rates for the pair you are trading, which will either be for or against you)... E.g CMS Forex...

Although new too trading in general, with Forex looking for the big trend is key and going with it. Obviously depends on your ability and the risk your willing to take, but I plot major trend lines on the daily and 4hrs charts and enter near them. Placing a stop loss not far beneath it ...